Visteon Expands Software Operations In Bulgaria To Meet Demand For Increasing Software Content In Connected Vehicles
Initially established as a software startup in 2001, Visteon’s software center in Sofia has grown to become one of the company’s largest software operations globally and one of the largest research and development facilities in Bulgaria’s fast-growing technology sector.
Visteon Announces First Quarter 2016 Results
Visteon reported first quarter sales of $802 million, a decrease of $14 million compared with the same quarter last year. The decrease is primarily related to the sale of the company’s German interiors facility during the fourth quarter of 2015 and unfavorable currency, partially offset by higher production volumes and new business.
Visteon Names William Robertson Interim Chief Financial Officer
As announced in January, Jeff Stafeil, who has served as executive vice president and chief financial officer since October 2012, is leaving the company to pursue other opportunities.
Visteon Names Markus Schupfner Chief Technology Officer
Schupfner will lead advanced technology development, especially in the area of advanced driver-assistance systems and autonomous driving, as well as product management of all Visteon products.
Visteon Names Brett Pynnonen Vice President And General Counsel
Pynnonen replaces Peter Ziparo, Visteon’s general counsel since April 2014, who is leaving the company after more than 13 years of service.
Visteon Chief Financial Officer Jeffrey Stafeil To Step Down
Stafeil has agreed to remain in the role to ensure an orderly transition until a successor is hired, which the company is targeting by the end of the first quarter of 2016.
Visteon Signs Agreement To Acquire India-Based Automotive Multimedia Systems Supplier, AllGo Systems
Headquartered in Bangalore, India, AllGo is an infotainment media playback supplier, bringing Linux and Android engineering expertise for automotive applications, including a comprehensive intellectual property (IP)-protected portfolio of in-vehicle infotainment, media and connectivity solutions for the connected display audio market.
Visteon Prepares To Launch ECU-Consolidating Cockpit Domain Controller With European Automaker In 2018
Visteon is displaying its SmartCore connected domain controller at the 2016 International Consumer Electronics Show (CES) in Las Vegas from Jan. 6-9. SmartCore provides a security-focused approach to cockpit module consolidation that addresses this complexity while improving the driving experience.
Visteon Announces $1.75B Special Cash Distribution To Shareholders; Authorizes $500M Share Repurchase Program
As part of the capital return program, on June 16, Visteon entered into an accelerated stock buyback with a third party to purchase shares of its common stock for an initial payment of $500 million.
Visteon Signs Agreement To Sell Interiors Operation In Germany
The divestiture of the company’s interiors plant in Berlin supports the Visteon’s focus on automotive cockpit electronics.